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Accounting

Authored by Nidhi Raval

Business

9th Grade

Used 38+ times

Accounting
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60 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Double entry in accounting means there must be________ entries for every transaction?

two

Three

six

one

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A general Leger/T) has a ______ and _______ side.

cash receipt and debtors

debit and payments

debit and credit

creditors and debtors

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

________ are debts of the business?

assets

liabilities

owners equity

vehicles

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Equipment are an example of an/a ______?

loan

asset

liability

owners equity

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An Asset is:

Refers to items that are owned

Refers to amounts that are owed to others

Refers to amounts earned

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Any amounts owed by a business and reported on the balance sheet are referred to as ________________.

assets
liabilities
profit
expenses

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Accounting is referred to as the "language of ___________________."

profit
life
accounting
business

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